Dividend policy revisited : a Singapore perspective.
Chin, Shi Yin.
Yeo, Chong Kiat.
Ng, Yan Leng.
Date of Issue2000
College of Business (Nanyang Business School)
This paper aims to find the relationship between dividends and the market price of a company's share in the Singapore context. Our main concern is to provide justifications for companies in a full imputation tax environment to adopt a liberal dividend policy so as to maximize the market value of their shares. Our analysis involved price-earnings ratio as a proxy for share value, dividend payout ratio and dividend yield of all dividends paying stock (this ranges from 173 in 1989 to 394 in 1998) for the 10-year period from1989-1998.
Final Year Project (FYP)
Nanyang Technological University